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Meeting Date:
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7/27/2017 - 6:30 PM
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Category:
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Unfinished Business
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Type:
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Action
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Subject:
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1. Action on a Request to Revise Board Governance Policy 4.05, Budgeting/Forecasting, and Board Rule 1.14, Voting Methods
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Strategic Plan Compatibility Statement:
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Goal 3 Effective and Efficient Operations
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Attachments
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Board Rule 1.14, Voting Methods (Redline)
Board Governance Policy 4.05, Budgeting/Forecasting (Redline)
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File Attachment:
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Background:
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On July 28, 2016, the Board approved revisions to several Administrative Policies related to financial matters. One particular revision was made to Administrative Policy 3.03, Operating Reserve, whereby the "unreserved fund" is now referred to as the "unassigned fund."
The revisions that are requested in this item are to ensure that Board Rule 1.14, Voting Methods, and Board Governance Policy 4.05, Budgeting/Forecasting, are also using the same terminology.
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Fiscal Impact Statement:
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This item has no fiscal impact.
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Implementation and Assessment Plan
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The revisions to Board Governance Policy 4.05 will take effect immediately upon the Board's approval.
Board Rule 1.11, Amendments to the Rules, however, directors as follows:
"(2) The Committee’s report with respect to such proposed amendments shall be presented to the Board and then held over until the next Board meeting, when the report shall be considered and acted upon by the Board."
In light of this, the Board will have to defer adoption of any revisions to Board Rule 1.14 until its regular July 2017 meeting.
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Recommendation:
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Your Committee recommends that the Board adopt the proposed revisions to Board Rule 1.14 and to Board Governance Policy 4.05.
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Approvals:
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Recommended By:
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Signed By:
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Jacqueline M. Mann, Ph.D. - Board Clerk/Chief Officer
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